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USD'S TIDES TURNING?

posted by jonell 897 days ago in USD

The euro moved sharply lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4585 level and was capped around the $1.4775 level. Many data were released in the U.S. today.

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US trade deficit drops

posted by jonell 897 days ago in USD, Trade

The US trade deficit with the rest of the world dropped unexpectedly in October, by 7.6 per cent, as a surge in exports offset a small increase in imports, official data showed yesterday.

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NZ rates kept at 2.5 per cent

posted by jonell 899 days ago in NZD, Inflation made popular 899 days ago

The Reserve Bank left interest rates unchanged, but its comments surrounding the decision were more hawkish than many economists expected.

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USD FOLLOWS-ON HIGHER, GOLD OFF AGAIN

posted by jonell 901 days ago in USD, Gold

The USD continues to advance this morning after Friday’s sharp spike higher left traders scrambling to cover shorts; the heavily short USD is likely to continue advancing through the week as the potential change in sentiment will have far reachin

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Britain awaits budget measures to fight debt

posted by jonell 903 days ago in GBP, GDP, Trade made popular 903 days ago

Britain's Labour government delivers its latest taxation and spending plans next week against the backdrop of soaring national debt and a record recession and ahead of a general election in 2010.

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Saving the U.S. economy — the Canadian way

posted by jonell 903 days ago in USD, Employment made popular 903 days ago

Barack Obama this week convened a jobs summit to discuss the awful U.S. unemployment numbers. Should the federal government hire unemployed workers directly? Pay money to states so that they can hire people?

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Interest rates are staying low

posted by jonell 903 days ago in USD, Inflation made popular 903 days ago

Both the economy and the housing market are being propped up with unprecedented government intervention. The Obama administration is trying to limit the supply of foreclosures with a mortgage relief program, while attracting more buyers with tax

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USD, Euro Up Vs Yen On Bank Of America News

posted by jonell 906 days ago in USD, EUR made popular 905 days ago

The dollar and euro rose against the yen in Asia Thursday on the back of stronger news from the U.S. financial sector, and on speculation that the European Central Bank may signal later in the day an intention to tighten liquidity conditions.

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Dollar higher at noon

posted by jonell 906 days ago in USD, AUD, Retail Sales made popular 906 days ago

THE dollar was higher at noon, after an as-expected retail sales report stoked hope among currency traders of higher interest rates next year.

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USD approaching 16-month low, AUD rallies

posted by jonell 907 days ago in USD, AUD made popular 907 days ago

The dollar is dropping at an astonishing rate. In November, the dollar lost 1.9% of its value. With the economic crisis raging on, many people are starting to wonder if the dollar will recover.

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USDJPY & Yen crosses bought into fix

posted by jonell 907 days ago in USD, JPY made popular 907 days ago

There was buying of USDJPY and of the Yen crosses into the fix and post fix. EURJPY has traded just above 131.00 and USDJPY looks like it want to test the 87.00 level. Usually the buying subsides post fix, but today buyers have chased it higher

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JAPAN-ECONOMY/BOJ-POLICY

posted by jonell 908 days ago in JPY, Inflation

The Bank of Japan said on Tuesday it would introduce a new operation to provide funds for three months at a fixed interest rate of 0.1 percent, after it held an emergency policy meeting.

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